Metro (MTRAF) to Release Quarterly Earnings on Wednesday

Metro (OTCMKTS:MTRAF) is expected to issue its results before the market opens on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.65 per share and revenue of $7.0971 billion for the quarter.

Metro (OTCMKTS:MTRAF) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). Metro had a net margin of 4.44% and a return on equity of 14.73%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.71 billion.

Metro Price Performance

OTCMKTS MTRAF opened at $67.12 on Monday. Metro has a 12 month low of $66.09 and a 12 month high of $83.02. The company has a market capitalization of $14.17 billion and a P/E ratio of 40.68. The company’s 50 day simple moving average is $69.38 and its 200 day simple moving average is $69.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.42 and a quick ratio of 0.53.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Securities reaffirmed a “buy” rating on shares of Metro in a report on Wednesday, January 28th. BMO Capital Markets reissued an “outperform” rating on shares of Metro in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Metro presently has an average rating of “Moderate Buy”.

Metro Company Profile

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.